Silver Charting and Silver TA Chat

[Silver Soul]

In for the swing

Very nice empowering bullish hammer

 

[Altima]

well that was unexpected. haha

 

[gelxi]

The hourly candles are whispering that the tide is turning...

 

[fiatphoney]

The hourly candles are whispering that the tide is turning...

All that the candles are saying to me, if I get really close to hear the whisper, "Is that the smell of hair burning"?

 

[Marsi]

Small spike to to 1400 au 23 Ag on the cards, just trying a paper trade atm.

 

[thatguy]

Small spike to to 1400 au 23 Ag on the cards, just trying a paper trade atm.

just close a long position in silver as can see some resistance ahead

 

[Ag]

ITS GOING TO DA MOON!

sorry just a little bored and watching kitco...hehe

 

[Marsi]

Small spike to to 1400 au 23 Ag on the cards, just trying a paper trade atm.

just close a long position in silver as can see some resistance ahead

Thatguy, in this type of setup would you consider a long if 23 broke or a short or neither?

 

[thatguy]

Small spike to to 1400 au 23 Ag on the cards, just trying a paper trade atm.

just close a long position in silver as can see some resistance ahead

Thatguy, in this type of setup would you consider a long if 23 broke or a short or neither?

Personally I am still bearish.... We have had some really bullish signals. But signals and reality sometimes take a week or so to align. Volume is the key here and I do not see that volume yet.

A rejection of $1400 and $23 will have me short

 

[thatguy]

this is what I am keeping an eye on

 

[thatguy]

The Moar QE the Moar $$ JPM have to short Ag

http://www.zerohedge.com/news/2013-05-22/market-reacts-bernanke-promises-moar

 

[Altima]

Wow. Feels as if gold (along with silver) got slapped back down. Lol

 

[theiain1]

Paraphrasing Bernanke - 'we're not going to taper anytime soon, but we might...'

brilliant

 

[trader10]

just close a long position in silver as can see some resistance ahead

Thatguy, in this type of setup would you consider a long if 23 broke or a short or neither?

Personally I am still bearish.... We have had some really bullish signals. But signals and reality sometimes take a week or so to align. Volume is the key here and I do not see that volume yet.

A rejection of $1400 and $23 will have me short

Yeap, I agree... we are no near out of the woods yet.... Ben has spoken... and hinted..... bond buying is on the cards.... I'm thinking of a 70% chance of picking up more at $20's..... and $1300's

 

[thatguy]

Tripple bottom @ 22 or reverse H&S on 22<20>22

 

[thatguy]

Setting up nicely for a breakout... will it be $26 or $20? Or both, my $$ is allocated towards the upside as it is more clearly defined allowing for tighter stops.

 

[wrcmad]

@thatguy, I tend to agree - price keeps tapping away at resistance - suggests upwards move.
Bollingers also squeezing.

 

[thatguy]

Should be a move up tonight which I will sell into...

 

[Altima]

Nope. Freefalling!

 

[ironwood]

It'll fall some more, I just bought. :lol: USD 21.99